Check out some available loans that are similar to this one!
Faustino
Faustino is 58 years old. He lives with Leonor, who is his partner and with whom he has 5 children, all of whom are now independent. He lives in San Lorenzo, Honduras. That is where he has his house and his business.

Faustino’s business is a small grocery store where he sells basic grains, cleaning supplies, milk, dairy products, and all kinds of meat. He tends to his customers, who come to him every day.

With the loan he would like to invest in housing improvements because he also rents apartments. With this money he wants to buy the materials to finish building two apartments that he is working on because he buys the materials and builds them himself.

With the income from these rooms he will improve his family’s quality of life.

Fausto’s (as his friends call him) dream is to build several apartments that he can rent out.

San Lorenzo, Honduras – March 2012
View original language description ↓
El señor Faustino de 58 años de edad, el vive con la señora Leonor quien es su compañera de hogar con quien procrearon 5 hijos quienes en la actualidad ya son independientes, el radica en San Lorenzo, Honduras. ahí tiene su casa y su negocio.
El negocio de don Faustino es una pulpería en donde vende granos básicos, artículos de limpieza, leches, lácteos y carnes de toda clase, de esa manera atiende a sus clientes que a diario le visitan.
Con el préstamo desea invertirlo en mejora de vivienda ya que también se dedica a el alquiler de apartamentos y con el dinero desea comprar los materiales para terminar de construir dos apartamentos que tiene en construcción ya que el solo compra los materiales y el los construye.
Con los ingresos de estos cuartos mejorara la calidad de vida de el y su familia.
El sueño de don Fausto como le llaman sus amigos es construir varios apartamentos para alquilarlos.

San Lorenzo, Honduras - Marzo del 2012

Additional Information

Prisma Honduras, S.A.

This loan is administered by Prisma Honduras. Prisma is one of Kiva's first field partners in Central America and has funded over 2,500 entrepreneurs through Kiva since 2008. Prisma funds smaller than average loans for micro-entrepreneurs to help them grow businesses in urban and rural areas. To improve living conditions in Honduras, the organization strives to empower women who lack access to traditional financial services, and promotes solar panels to deliver clean, affordable electricity to rural areas. Through its four branches in southern and central Honduras, Prisma provides access to financial products to some of the poorest and most isolated communities in the country.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Honduras

  • $4,800
    Average annual income
  • 94
    View loans »
    Honduras Loans Fundraising
  • $8,680,050
    Funds lent in using Kiva
  • 19.1
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Faustino to buy cement, tin roofing, and wood for housing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Mar 18, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012